Xinjiang Goldwind Science & Technology Co. announced that it has received tax equity financing commitments, from MidAmerican Wind Tax Equity Holdings and Citi, for the 160-MW Rattlesnake Wind Project in McCulloch County, Texas.
The $250 million Rattlesnake Wind Project uses 64 Goldwind GW 109/2.5MW PMDD wind turbines, and will bring significant economic benefit to the community of McCulloch County. It will support about 250 well-paying construction and service-related jobs.
“Citi is proud to support this innovative project, which is being developed by Goldwind, the largest Chinese wind turbine manufacturer,” said Marshal Salant, Global Head of Alternative Energy Finance at Citi.
“The Rattlesnake Wind Project offers a great example of Citi’s commitment to supporting the global aspirations of its clients, enabling growth, and economic progress through investment in sustainable energy solutions,” Salant added.
With its strong R&D capabilities, Goldwind is the world’s largest manufacturer of PMDD wind turbines, which is representing the industry’s next generation technology. Goldwind has twice been named to the list of the “top 50 most innovative companies in the world” by the MIT Technology Review.
“We are very pleased to partner with world-class institutions Berkshire Hathaway Energy and Citi on this innovative and breakthrough deal,” said Mr. Wu Gang, Chairman of Goldwind. “Their support is a testament to the performance and reliability of Goldwind’s Permanent Magnet Direct Drive (PMDD) wind turbine technology, with its industry-leading availability.”
Filed Under: News, Projects, Turbines